US President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil.
"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social.
"Because of this, I will be substantially raising the Tariff paid by India to the USA."
He did not elaborate on what the tariff would be.
Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details.
Meanwhile, India said on Monday that US and EU "targeting" of the nation for importing oil from Russia after the commencement of the Ukraine conflict is "unjustified and unreasonable."
"Like any major economy, India will take all necessary measures to safeguard its national interests and economic security," the Foreign Ministry's spokesperson Randhir Jaiswal said in a statement.
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